Succession proves a tricky art in business
By Zhang Chunyan and Qiu Bo in London | China Daily | Updated: 2013-09-16 08:15
Rich second generation taught how to keep the family wealth
Whether they were born with silver chopsticks in their mouths is moot, but we can be sure that they have led very comfortable lives, received the best education and wanted for nothing materially.
These are the children of the first batch of China's private entrepreneurs who have grown immensely rich since reform and opening-up began in the late 1970s. As these business people have approached, reached and passed retiring age, their children, many born in the 1980s, have been groomed to take over the family concern.
Photo
